Corporate Governance

Investor confidence in public companies is essential to the functioning of the global economy. At this website, we intend to provide you with key information about our corporate governance. These policies provide a framework for the proper operation of our company, consistent with our shareholders' best interests and the requirements of the law.

Ensuring that Enablence's financial results fairly reflect the results of our operations is of paramount importance to this company and our investors. At Enablence, we have always been diligent in maintaining compliance with our established financial accounting policies, which are consistent with requirements of Generally Accepted Accounting Principles (GAAP), and for reporting our results with objectivity and the highest degree of integrity. We are committed to providing financial information that is transparent, timely, complete, relevant and accurate.

We are also committed to rigorously and diligently exercising our oversight responsibilities throughout the company, managing our affairs consistent with the highest principles of business ethics, and meeting or exceeding the corporate governance requirements set put in Canada and the Toronto Stock Exchange Venture Division. The steps we have taken to fulfill this commitment include:

• Our Board has adopted clear corporate governance policies
• Our Board has adopted majority voting for uncontested elections of directors
• A majority of our Board members are independent of Enablence and its management
• All members of our the Audit Committee are independent
• The charters of our Board committees clearly establish their respective roles and responsibilities

We are dedicated to ensuring that the high standards of financial accounting and reporting. Our culture demands integrity and an unyielding commitment to strong internal practices and policies. We have the highest confidence in our financial reporting, underlying system of internal controls and our people, who are objective in their responsibilities and operate under a high level of ethical standards. We thank you for the confidence you have placed in us.